Tax compensation: act now! The deadline ends on June 30, 2025!

Tax compensation: act now! The deadline ends on June 30, 2025!

Österreich - Tax equalization in Austria is increasingly relevant for many employees, especially since the deadline for the mandatory assessment ends on June 30, 2025. As reported 5min.at, the tax returns can be processed from March 1st of the following year. Citizens who are aware that they are obliged to submit a tax return should now act.

Who is affected by this obligation? The mandatory assessment applies to people with several income tax income or if the income exceeds a limit of 730 euros. False deductions, such as the sole earner tax or the family bonus plus without the requested requirements, can also lead to a duty. It is also important to report changes in commuter flat rates or childcare grants in order to correctly calculate taxes.

deadlines and delivery options

The delivery period for the income tax return can vary depending on the tax liability. As a rule, the deadlines for submitting income tax returns are the following:

• paper form: April 30 of the following year.
• electronic (via Finanzonline): until June 30th of the following year.

An application for the extension of the deadline is possible in a certain extent. For example, if several employers paid wages during the year, the deadline becomes very important. In general, the obligation to submit a tax return also applies that this exists if the tax office is asking or if the income goes beyond the respective border amounts. These amounts increase every year, such as [bmf.gv.at] (https://www.bmf.gv.at/themen/steuen/fuer-unternehünde/sinenfärtstein

threatening financial penalties and interest

It is also important to mention that if the tax return is not dispensed, a termination of over 50 euros can threaten. The interest rate for outstanding claims has been 4.03% since March 12, 2025 and runs until the notification date, but a maximum of 48 months. Financial penalties are rare in practice, but not excluded.

In order to correctly submit the tax return, various support options are available. The Chamber of Labor and various online videos support people in this process. The tax compensation can be handled by both the Finanzonline platform and conventional ways with paper forms, which service.berlin.de also provides.

In summary, it is clear that for many employees in Austria it is of the utmost importance to take care of their tax returns in good time, to avoid possible financial disadvantages and to benefit from the possible repayments.